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Competition Commission of India appoints three new members: Reports

The new members appointed are Anil Agrawal, a former police official who recently worked at India's commerce ministry and worked on various startup initiatives

Torrent in talks with Apollo to borrow up to $1 bn for Cipla bid: Reports

Torrent has also been in talks with CVC Capital Partners and Bain Capital who might become equity partners in a consortium and contribute as much as a combined $1.5 billion to the deal, sources said

UBS names S Korea, India, others as 'slow' to nod Credit Suisse deal

The uncertainties in securing regulatory nods could also lead to winding down businesses and asset sales, when UBS faces "difficult jurisdictions or regulators", the bank said in the document

Financial markets in India closed today on account of Ganesh Chaturthi

The markets will resume trading on Wednesday, Sept. 20.

Tesla, Saudi in early talks for EV unit; Tayyip Erdogan also seeks a plant

Musk is also set to meet Israeli Prime Minister Benjamin Netanyahu in California on Monday

US prisoners fly out of Iran in swap deal after $6 billion unfrozen: Report

The funds' release triggered an exchange sequence agreed after months of talks between the United States and Iran, who are at odds over Tehran's nuclear ambitions and other issues

Microsoft's chief product exec behind Surface devices to step down

Amazon is set to hire Microsoft's departing product chief Panos Panay, Bloomberg News reported

Drugmaker Biocon appoints Peter Bains as group CEO effective immediately

Bains, who was named as an independent director of the Biocon board in December last year, stepped down on Monday to assume the top charge, the company said in a statement

Verizon executive testifies Google search always pre-installed on phones

Brian Higgins, a 28-year Verizon veteran who was on a team from 2017 to 2023 that struck deals with Google to pick software to preload onto the carrier's phones, testified in a federal court

E-scooter maker Ather readies new models, exports after subsidy cuts

India's electric scooter market is small but growing, with e-models accounting for 5% of total scooter and motorcycle sales in the last fiscal year against a government target of 70% by 2030

Rising ownership costs to hurt commercial vehicle volume growth: Fitch

The ratings agency said increasing regulatory requirements, elevated inflation and high interest rates have pushed up the ownership costs, thereby weighing on purchase decisions

Tata Motors to raise CV prices by up to 3%, third price hike in 2023

The company previously raised prices by 1.2% in January and by 5% in March to ensure its vehicles comply with the new emission norms

Net direct tax collection rises 23.5% to Rs 8.65 trn in April-Sept

The tax collection includes corporate tax of 4.16 trillion rupees and personal income tax of 4.47 trillion rupees, said the statement from Ministry of Finance

Dollar near six-month high before key central bank interest rate decisions

The euro was up 0.1% against the dollar at $1.0667. the yen was up a similar amount at 147.69 to the dollar, with traders out for a Japanese public holiday

Stabilising core inflation shows easing price pressures in economy: RBI

Vegetable prices eased in August and brought down retail inflation to 6.8%. This is likely to continue in September, the Reserve Bank of India said in its monthly bulletin

Rupee falls to record closing low as rising oil pushes up dollar demand

Possible dollar sales from the RBI helped the local unit stay above lifetime lows. The rupee had fallen to a record low of 83.29 in October last year

RBI bought net $3.47 billion in spot foreign exchange market in July

The RBI said it purchased $5.32 billion and sold $1.84 billion in July. In June, the central bank had bought a net of $4.50 billion in the spot market

Entry-level bike buyers unlikely to return soon, says Bajaj Auto MD

Buyers at "the bottom of the pyramid" who were hit by the Covid pandemic, job losses and rising petrol price, are not coming back, Bajaj said

Growth jitters knock global stocks before central bank meeting-packed week

The pan European index slipped 0.5%, dragged down by health care, bank and chip stocks. Societe Generale, France's third-biggest listed bank, saw its shares drop more than 6%

Malaysia to discuss rice export curbs with India to find 'best solution'

State-run Malaysian rice importer Bernas will also be negotiating with other suppliers like Vietnam, Thailand And Cambodia, he said